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COPPER Bottomed Out: Long Opportunity!

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Going Long on Copper:

I’m taking a long position in at this level. If it retraces, I plan to add to my position down to around 4.15.

The weekly downtrend has ended, and this week’s price action has erased the previous bearish expansion bar. There are signs of bullishness on smaller timeframes, and the daily chart shows an active uptrend for the coming week.

It looks like the low may be in on this one.

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Breaking out after some time. There's no need to add more or micromanage; just let it run its course.

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As long as the price remains above the current blue trend line, I see no reason to exit. If it drops below that level, I will consider it a failed breakout and will cut my position.

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Just one more push, and it could reach the first target.

A nice daily candle is forming, suggesting that a new range might be developing between 4.35 and 4.69. It will be interesting to observe price behavior in those two zones.

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Up it goes! Hitting targets and making money. Just one more push, and we’ll have this trade wrapped up.

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Time to Readjust Views on 🔄

It looks like the weekly trend is indeed active after today’s price action. Now is the time to hold and wait until expiration or another pivotal area.

Let the rest of the position run; there’s no need to overmanage it now that the weekly trends are pointing in our favor! 📈

註釋

Comfortable holding.

Even if it goes towards $4.50 still valid.

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Strong Monthly Candle: Gearing Up for a Multi-Month Run in Copper Futures!

The recent strong monthly candle suggests that copper futures are poised for a sustained upward trend. Be prepared to hold for longer than the expected targets, as this could signal the start of a significant rally.

Stay tuned for more updates!